TWFG (NASDAQ:TWFG) Given New $38.00 Price Target at Royal Bank of Canada

TWFG (NASDAQ:TWFG) had its price target lifted by Royal Bank of Canada from $30.00 to $38.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 24.47% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Morgan Stanley began coverage on shares of TWFG in a research note on Monday, August 12th. They set an “equal weight” rating and a $23.00 price objective for the company. Piper Sandler lifted their price target on shares of TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a report on Monday. DOWLING & PARTN raised TWFG to a “hold” rating in a research report on Wednesday, September 11th. UBS Group started coverage on TWFG in a research note on Monday, August 12th. They set a “buy” rating and a $29.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on TWFG from $26.50 to $28.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.43.

TWFG Stock Down 3.4 %

Shares of NASDAQ:TWFG traded down $1.08 on Thursday, hitting $30.53. The company had a trading volume of 45,827 shares, compared to its average volume of 156,935. The business has a 50 day moving average of $29.50. TWFG has a 52-week low of $21.31 and a 52-week high of $36.50. The company has a quick ratio of 33.75, a current ratio of 33.76 and a debt-to-equity ratio of 0.68.

TWFG (NASDAQ:TWFG) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $54.64 million during the quarter, compared to analyst estimates of $52.62 million. As a group, equities research analysts forecast that TWFG will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TWFG during the 3rd quarter valued at approximately $4,068,000. Quantbot Technologies LP acquired a new stake in shares of TWFG during the third quarter worth approximately $93,000. FMR LLC bought a new stake in shares of TWFG in the third quarter worth $34,942,000. Royce & Associates LP acquired a new stake in TWFG in the third quarter valued at $1,546,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in TWFG during the 3rd quarter valued at $133,000.

TWFG Company Profile

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers’ compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.